The impact of tourism on entrepreneurship in developing countries

Subramaniam, Yogeeswari; Masron, Tajul Ariffin

doi:10.1002/bsd2.187

Cited by 13 publications

(20 citation statements)

References 60 publications

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“…The relationship between tourism and sustainable development can be both positive and negative. On the one hand, tourism can be a source of opportunities in terms of entrepreneurship [16], employability [17] and attracting investments. It can also create tangible economic value for natural and cultural resources and therefore bring general economic growth [18,19].…”

Section: Sustainability and Tourism Developmentmentioning

confidence: 99%

Enhancing Intangible Cultural Heritage for Sustainable Tourism Development in Rural Areas: The Case of the “Marche Food and Wine Memories” Project (Italy)

et al. 2022

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In the context of increasing interest in the contribution made by culture to the implementation of the goals and targets of the 2030 Agenda for Sustainable Development, the present research investigates how intangible cultural heritage (ICH) can help sustainable tourism in rural areas. Adopting a case study methodology, we analyzed the “Marche Food and Wine Memories” project, an initiative promoted by CiùCiù, a winery based in Offida, a small village in the Marche region (Italy). After discussing the strategies and tools adopted to enhance rural heritage, the analysis focuses on the involvement of local communities and businesses in the different phases of the process. The research aimed to understand: (1) the project’s current contribution to the economic, social, cultural and environmental dimensions of sustainability; and (2) its strengths and weaknesses and possible future improvements. The research findings confirm the high potentialities of ICH-based initiatives for sustainable tourism development in rural areas, but also reveal the need to improve the level of networking with local businesses and highlight gaps in marketing and management skills. Finally, the results provide policy and managerial implications for similar ICH-based initiatives.

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Section: Sustainability and Tourism Developmentmentioning

confidence: 99%

Enhancing Intangible Cultural Heritage for Sustainable Tourism Development in Rural Areas: The Case of the “Marche Food and Wine Memories” Project (Italy)

et al. 2022

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“…In the same vein, entrepreneurial value creation offers a holistic approach to the complex and disordered activities in entrepreneurial processes as a multidisciplinary study. Tourism development is another economic factor affecting entrepreneurship development (Subramaniam & Masron, 2021). Higher tourist flows may improve latent entrepreneurship, because it opens a new market and new employment opportunities.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…It contributes to income growth (Usmani, Akram, & Praveen, 2020) by enhancing international reserves, improves investment in infrastructures, stimulates human capital development, creates job opportunities, generates positive externalities, and increases relative competitiveness of the economy (Rani & Kumar, 2021). However, one important area that has been empirically overlooked is the impact of tourism development on entrepreneurial development (Ferreira et al, 2019;Subramaniam & Masron, 2021). Therefore, the objective of the study is to examine the impact of tourism development on latent entrepreneurship in BRICS economies.…”

Section: Introductionmentioning

confidence: 99%

“…To my knowledge, apart from the study by Subramaniam and Masron (2021) that focuses on developing nations, no studies have empirically examined the impact of tourism development on entrepreneurship. My study is novel in many ways.…”

Section: Introductionmentioning

confidence: 99%

“…My study is novel in many ways. Firstly, in contrast to Subramaniam and Masron (2021), I focused on BRICS countries. These countries are a group of leading emerging economies in the World.…”

Section: Introductionmentioning

confidence: 99%

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Impact of tourism development on latent entrepreneurship in BRICS

Ajide¹

2022

EBER

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The study aims to examine the impact of tourism development on latent entrepreneurship in BRICS countries (Brazil, Russia, India, China, and South Africa). Research Design & Methods:The study used panel data of BRICS countries for the period of 2001-2020. The article employs the quantitative method including the panel dynamic ordinary least square approach to analyse the data. Findings: The results showed that tourism provides greater opportunities for latent entrepreneurs in BRICS countries. The results of the control variables showed that economic complexity did not spur entrepreneurial inspiration while foreign direct investment improves entrepreneurial development in BRICS economies. Implications & Recommendations:The study concluded that policymakers should concentrate efforts on improving the tourism sector to accelerate the pace of entrepreneurial development. Appropriate policies should be implemented to further ease the business activities in the group of BRICS economies. Contribution & Value Added:The study adds value to the literature by providing an empirical analysis of the nexus between tourism development and entrepreneurship. The study focused on BRICS countries to see how tourism development springs up entrepreneurial inspiration among adults in emerging economies. The study models entrepreneurship function within the framework of the panel co-integrating regression approach. This is a powerful technique that accounts for endogeneity and serial correlation based on the firstdifferent stationary of the variables.

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Analysis of tourism and sustainable development in MENA economies

2023

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The existing studies suggest that the tourism sector may fast track the achievement of sustainable development due to its ability to guarantee the renewability of natural resources and the preservation of the ecosystem. Scholars also opine that tourist activities involve transportation that utilizes fossil fuels and non‐renewable energy sources. This implies that tourism may contribute to environmental degradation and slow down the achievement of the sustainable development agenda. In this paper, we contribute to this debate by examining the dynamic relationship between tourism and sustainable development in the case of the MENA region. Employing panel vector autoregressive based on the generalized method of moments framework (GMM‐PVAR) on data spanning from 1995 to 2019, we document that there is a positive and dynamic relationship between tourism and sustainable development in the MENA region. Further analysis shows that there is a bi‐causal relationship between the two variables; implying that they have a powerful prediction content of each other. The study recommends that effort should be made to develop pertinent policies to promote ecotourism in the region.

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The impact of tourism on entrepreneurship in developing countries

Cited by 13 publications

References 60 publications

Enhancing Intangible Cultural Heritage for Sustainable Tourism Development in Rural Areas: The Case of the “Marche Food and Wine Memories” Project (Italy)

Enhancing Intangible Cultural Heritage for Sustainable Tourism Development in Rural Areas: The Case of the “Marche Food and Wine Memories” Project (Italy)

Impact of tourism development on latent entrepreneurship in BRICS

Analysis of tourism and sustainable development in MENA economies

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